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Rite Aid

  • Previous Rank325
  • Revenues ($M)$30,215
  • Revenue Percent Change-8%
  • Profits ($M)$943.5
  • Profits Percent Change23178.30%
  • Assets ($M)$8,989.30
  • Employees48,410

Dramatic changes are afoot at the third-largest drugstore chain 
in the U.S. In 2017, Rite Aid agreed to sell nearly 2,000 pharmacies to Walgreens. And in February, grocery giant Albertsons (No. 157 on the Global 500) said it would buy the rest of Rite Aid, creating an $83-billion-in-revenue behemoth, though some shareholders have indicated that they oppose the deal. Rite Aid currently has around 2,600 pharmacies, less than rival chains Walgreens and CVS, but the combined company is expected to have more than 4,000 pharmacies. Plans to generate new revenue involve the merger of rewards programs, in addition to selling Albertsons products in Rite Aid stores.

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Company Information

CEO
John T. Standley
Sector
Food & Drug Stores
Industry
Food & Drug Stores
HQ Location
Camp Hill, Pa.
Websitehttp://www.riteaid.com
Years on Global 500 List20
Employees48,410
Figures are for fiscal year ended Feb. 28, 2018.

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$30,215-8%
Profits ($M)$943.523178.30%
Assets ($M)$8,989.30-
Total Stockholder Equity ($M)$1,601.00-

Profit Ratios

Profit as % of Revenues3.1%
Profits as % of Assets10.5%
Profits as % of Stockholder Equity58.9%